Postal Packaging Market: Introduction
Transparency Market Research delivers key insights for the postal packaging market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2021–2029. In terms of revenue, the global postal packaging market is projected to grow at a CAGR of 6.5% during the forecast period, owing to several factors, about which TMR offers detailed insights and forecasts in the postal packaging market report.
The postal packaging market is anticipated to expand due to high use of postal needs for industrial and commercial purposes. Envelopes and mailers are the most preferred postal products used by the industries due to the safe and reliable delivery of the products. The industrial sector relies on postal services for assured product delivery, on-time, cost-effective, and best-in-class transit packaging. With the growing demand for protective packaging, various manufacturers prefer to transport their valuable and delicate products with postal packaging, as they are carefully packed, and protected goods from damage and breakage during handling. The postal packaging consists of various products available considering the requirement and application, including postal tubes, padded envelopes, mailing bags, protective envelopes, postal cardboard boxes, etc. The evolving trend of sustainability and recyclability has led to the massive demand for paper and plastic packaging. The postal paper packaging is made from recycled post-consumer waste, which is 100% compostable and biodegradable, boosting the sales of paper postal packaging. The boom and massive growth of eCommerce has created enormous demand for postal packaging. The rising demand for tamper-proof, safe, and recyclable, sustainable packaging solutions could generate lucrative growth for the postal packaging market.
Enormous Growth of eCommerce Sector Boosting Demand for Postal Packaging
Technology-driven innovations such as digital advertisement and payments, hyper-local logistics, rise in smartphones are likely to support the growth in the eCommerce sector. The postal department has vast network links and provides the required training to the delivery person on accepting cash or car payment on delivery and handling the same-day rapid delivery of products.
In recent days, the eCommerce sector is continuously transforming and emerging as an outstanding platform for consumers to purchase products or goods. The significant rise in online shopping and the consumer shift toward online platforms owing to easy Internet access and increase in customer inclination toward online platforms is also responsible for the positive growth of the postal packaging market.
Recently, the COVID-19 pandemic has given an excellent opportunity for the retail/eCommerce industry to find innovative ways to make online packaging more functional as well as sustainable. The majority of the manufacturers involved in the production of postal packaging are now using paper-based, recycled raw material, post-consumer waste, and other packaging options to attain the sustainability factor, which, in turn, boosts the demand for postal packaging owing to the changing consumer focus toward sustainability. Therefore, growth of online retail/eCommerce platforms with increased customer orientation toward online shopping is expected to drive the postal packaging market.
Green Mailers and Increasing Sustainability of Various Postal Packaging Solutions Driving Global Market
Recently, sustainability in the packaging industry is driving the demand for packaging formats, including flexible and rigid packaging. The postal packaging is available in both flexible as well as rigid forms, such as envelopes, mailing bags, boxes and cartons, postal tubes, sacks, and others. Recyclability and sustainability in postal packaging are gaining traction with the use of recycled paper, post-consumer waste, packing paper, cardboard, biodegradable peanuts, and other sustainable forms of packaging material.
The majority of manufacturers involved in the manufacturing of postal packaging are involved in making maximum use of recycled waste and manufacturing postal mailers & boxes, which are, at least made of 75% of recycled post-consumer waste. Furthermore, the use of trashed boxes from different end-use industry manufacturers are recycled and reused during the manufacturing of postal packaging products. This not only helps to attain sustainability in manufacturing practices but also helps to reduce post-consumer waste, thereby reducing pollution. The use of water-based inks and other eco-friendly ink alternatives to screen-print the paper mailers is also a trending and sustainable solution practiced in the postal packaging market.
Manufacturers Aiming at Bioplastic Postal Packaging to Gain Market Share
Several manufacturers are focusing on the use of bioplastics, which are produced from renewable biomass sources such as corn starch, woodchips, sawdust, recycled food waste, and others. Bioplastics not only improve the sustainability factor but also help in reducing the waste generation and, thereby pollution.
Majority of the brands, which are involved in the manufacturing of sustainable products, prefer to use sustainable packaging for an enhanced experience. Therefore, the use of bioplastic postal packaging as secondary packaging is not only a “smarter option” to boost the demand but also a “green option” for sales of the brand, which will also improve the sustainability quotient. The bioplastic postal packaging can be used in various end-use industries, thereby creating an opportunity to hold the majority of the market in the coming days. The strict rules & regulations on the banned use of plastics will also push the demand for manufacturing of sustainable products and, thereby, sustainable postal packaging.
Postal Packaging Market: Competition Landscape
The global postal packaging market is projected to witness strong competition among key players. This market includes few well-established market participants. Besides, several other local players and start-ups are entering into postal packaging market attributing to significant revenue creation with the raising demand of postal packaging. Some of the key players operating in the global postal packaging market are Smurfit Kappa Group, DS Smith Plc, WestRock Company, Mondi Group Plc, Pregis LLC, Rengo Co., Ltd., Cenveo Corporation, Neenah Inc., Papier-Mettler KG, Bong Group, GWP Group, Shillington Box Company, WB Packaging Ltd., Polypak Packaging, United Envelope, Lil Packaging, Poly Postal Packaging Ltd., Elite Envelopes & Graphics Inc., and IPS Packaging & Automation, among others.
The tier structure is formulated on the basis of segmental revenue and market share of companies. As per the tier structure, Smurfit Kappa Group, DS Smith Plc, WestRock Company, and Mondi Plc are the tier 1 players in the postal packaging market. These leading packaging giants are adopting key strategies such as research & development, aims on sustainability, focusing on acquisition and expansion and increasing production facilities to reinforce their position in the postal packaging market. Moreover, tier 2 players are Cenveo Corporation, Neenah Inc, Papier-Mettler KG, and Bong Group.
Global Postal Packaging Market Segmentation
Postal Packaging Market by Material
Postal Packaging Market by Packaging Format
Postal Packaging Market by End Use
Postal Packaging Market by Region
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